U.S. Perella hires Goldman and JPMorgan to lead IPO at $1.5 bln valuation

10/01/2018 12:51:00 PM (GMT)

U.S.-based financial services company Perella Weinberg has asked rivals Goldman Sachs and JPMorgan to lead its initial public offering (IPO).

The IPO could value Perella at around $1.5 billion or roughly three times its annual sales.

Ahead of the IPO, Perella Weinberg is preparing to separate its asset-management division.

Perella Weinberg said that the IPO could be filed by the end of the year.

Perella Weinberg Partners Inc.

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